Dow Jones reports that AvtoVAZ has started to assemble Lada 2107 cars at a plant near Cairo, Egypt.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
The report says that Avto VAZ is aiming to build 1,000 cars by the end of the year and 5,000 cars a year from 2003.
Dow Jones adds that under an agreement with the Egyptian government, 35% of the parts Lada-Egypt uses will be locally produced, including items such as seats, windows and tyres.
Lada-Egypt President Hasan Solenan told Dow Jones that he expects high demand for Ladas in Egypt, which he said has around 135,000 Ladas on its roads.
The Lada 2107 is a modified version of a Fiat model designed in the 1960s.
